Browsing Tag

Patrick Chinamasa

Zimbabwean delegation to London faces protest

Jun 30, 2016 368

By Tatenda Dewa Exiled Zimbabweans will next week protest at a conference where a high delegation from the Zimbabwean government is scheduled to speak on the need for restoration of international financial aid. The International…
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News

Zimbabwe rejects rand, clings to troubled multi-currency

Jun 24, 2016 270

Finance minister, Patrick Chinamasa, has dismissed calls for Zimbabwe to adopt the South African rand as its sole official currency so as to curb the current cash crisis.
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Business

Chinamasa defends imports ban

Jun 23, 2016 237

By Lloyd Gumbo The Government has defended its decision to control the importation of specified goods that are locally produced saying this was meant to curtail externalisation of the United States dollar and to protect local industry.…
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News

Botched Govt pay indaba on today

Jun 22, 2016 246

By Felex Share Three Cabinet ministers and Reserve Bank Governor Dr John Mangudya will today meet civil servants’ unions to discuss circumstances surrounding the deferment of their June 2016 pay dates. Government last Friday…
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News

Civil servants on edge as government runs out of cash

Jun 16, 2016 247

By Phillimon Mhlanga | The Financial Gazette | The cash-strapped government is facing increasing fiscal pressures on the back of a rapid decline in tax revenues amid tell-tale signs that it could struggle in the coming months to pay…
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News

MDC-T rubbishes Chinamasa’s defence of his son over $7 million smuggling claims

Jun 1, 2016 602

By Tatenda Dewa | Harare Bureau | The opposition Movement for Democratic Change (MDC-T) has rubbished an attempt by Finance Minister, Patrick Chinamasa, to clear his son’s name over allegations that he tried to smuggle US$7 million from…
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Business

Zimbabwe works on debt repayment

May 9, 2016 249

By Ndakaziva Majaka Finance minister Patrick Chinamasa says government is working on “necessary documentation” for the country to implement its $1,8 billion arrears clearance strategy, with multilateral institutions expected to meet in…
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Business

Depositors fueling cash crunch: Chinamasa

Apr 24, 2016 290

Finance minister Patrick Chinamasa has claimed that depositors are fuelling the country’s biting cash crisis by keeping money outside the formal banking system.
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Business

Chinamasa is lying says Zhuwao

Apr 4, 2016 398

Indigenisation minister, Patrick Zhuwao on Saturday attacked Finance minister Patrick Chinamasa, accusing him of misleading Zimbabweans on the status of foreign-owned banks’ compliance with the indigenisation law. Zhuwao’s outburst…
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Business

Minister says banks have credible plans to sell stakes to locals

Apr 3, 2016 178

By MacDonald Dzirutwe Foreign banks operating in Zimbabwe have submitted credible plans on how they intend to transfer majority shares to locals, the country's finance minister said on Saturday, reducing the chances the government could…
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